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Mamata Machinery makes bumper debut with 147% premium on the BSE
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Mamata Machinery has debuted at Rs 600.00 on the BSE, up by 357 points or 146.91% from its issue price of Rs 243.00.
The scrip is currently trading at Rs 629.95, up by 386.95 points or 159.24% from its issue price.
It has touched a high and low of Rs 629.95 and Rs 599.00 respectively. So far 2.45 lakh shares were traded on the counter.
The offering, which was open for subscription between December 19, 2024 and December 23, 2024 was subscribed 194.95 times. The issue price was fixed at Rs 243 per share i.e. at upper end of price band of Rs 230-243 apiece.
Mamata Machinery manufactures and exports plastic bags and pouch making machines, packaging machines and extrusion equipment.
